Imperial Oil (TSE:IMO) Rating Lowered to Sell at The Goldman Sachs Group

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was downgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued on Thursday, Marketbeat Ratings reports.

Several other equities analysts have also recently commented on the company. National Bankshares boosted their target price on Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Raymond James upped their price objective on shares of Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. Wolfe Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd. TD Securities increased their price target on shares of Imperial Oil from C$94.00 to C$97.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$105.67.

Imperial Oil Stock Down 1.8 %

Shares of TSE:IMO opened at C$101.55 on Thursday. The firm has a fifty day moving average price of C$99.25 and a two-hundred day moving average price of C$98.89. The company has a market cap of C$53.01 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. Imperial Oil has a one year low of C$86.96 and a one year high of C$108.89.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.